Canadian Hotel Performance Soars as Global Brands Expand Presence
Skift Take
Canada hotels gain 5.3% RevPAR in May; multiple hotel deals, acquisitions, renovations & new openings across North America and Europe.
The DJIA ended Friday with a gain of 434 points, while Nasdaq was up 106, the S&P 500 rose 32 points and the 10-year treasury yield was up .03 to 4.28%. Lodging stocks were higher. SOND made a huge move on Friday, up 42%, even if that only is $0.67 a share, on the news that its CEO had stepped aside.
Canada's hotel industry reported its highest 2025 monthly growth rates in occupancy and RevPAR, according to May data from CoStar. May 2025 (percentage change from 2024): Occupancy: 70.2% (+1.9%) ADR: CAD213.57 (3.3%) RevPAR: CAD149.96 (+5.3%). Among the provinces and territories, Saskatchewan posted the highest increases in ADR (+6.9% to CAD151.97) and RevPAR (+16.2% to CAD102.80). The province's occupancy also rose 8.7% to 67.6%. That occupancy growth rate matched Manitoba (+8.7% to 74.0%) for the highest during the month. British Columbia recorded the highest absolute levels in occupancy (74.7%) and ADR (CAD255.82), which
